CNXC Latest Report

Performance of the Current Financial Report

As of February 28, 2025, Concentrix (stock code: CNXC) had a total operating revenue of RMB2.372 billion (~$349 million). Compared with the same period last year, its total operating revenue slightly decreased, which needs to be analyzed in depth.

Key Data in the Financial Report

1. Concentrix's revenue in 2024 was US$2.45 billion, up 2.7% YoY. The revenue is expected to grow between 0% and 1.5% in 2025, indicating a slowdown in growth.

2. The company launched a new iX GenAI productivity application in 2025, aiming to enhance market competitiveness and drive revenue growth.

3. The global service industry's market demand continues to grow, and the market size is expected to approach US$3.8 trillion by 2029, providing a good market environment.

4. Concentrix's customer revenue retention rate in 2024 was as high as 99%, indicating its strong competitiveness in the market.

Peer Comparison

1. Overall industry analysis: In 2025, the overall service industry experienced a recovery, especially the rise in digital service demand, which drove revenue growth. In contrast, Concentrix's growth slowed down, which may be related to increased competition and changes in market share.

2. Peer evaluation analysis: Compared with other companies in the industry, Concentrix's operating revenue performance was relatively stable but failed to fully grasp the growth opportunities in the market, which needs attention to its market strategy and operational efficiency.

Summary

Concentrix's operating revenue performance in 2024 was strong, but its expected growth in 2025 is relatively small, indicating challenges in fierce competition and changes in demand. Although the company launched new products to drive revenue growth, the overall industry's recovery trend did not fully reflect in its revenue, which needs to be focused on the adjustment and implementation of its market strategy.

Opportunities

1. By launching new products and services such as iX GenAI applications, Concentrix can further enhance its market competitiveness.

2. The continuous growth of the global service market provides more opportunities for Concentrix to explore new customers and expand its market.

3. The company's high customer revenue retention rate indicates a stable customer base, which can achieve revenue growth through deepening customer relationships.

Risks

1. The slowdown in revenue growth may affect investor confidence and lead to stock price fluctuations.

2. Intense competition may lead to a decrease in market share, affecting the company's long-term growth potential.

3. Failure to effectively promote and apply new products may affect the realization of expected revenue growth.